Air Industries Group Inc (NYSEAMERICAN:AIRI) saw a large decline in short interest in the month of October. As of October 31st, there was short interest totalling 18,900 shares, a decline of 16.7% from the September 30th total of 22,700 shares. Based on an average daily trading volume, of 24,500 shares, the short-interest ratio is currently 0.8 days. Currently, 0.1% of the company’s shares are sold short.

Shares of NYSEAMERICAN AIRI opened at $1.21 on Friday. Air Industries Group has a 1-year low of $0.70 and a 1-year high of $1.49. The business has a fifty day moving average of $1.20.

Air Industries Group (NYSEAMERICAN:AIRI) last announced its earnings results on Thursday, November 7th. The aerospace company reported $0.01 earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.03) by $0.04. The company had revenue of $14.00 million during the quarter, compared to analyst estimates of $13.70 million.

Separately, Zacks Investment Research lowered shares of Air Industries Group from a “buy” rating to a “hold” rating in a research note on Monday, October 21st.

An institutional investor recently bought a new position in Air Industries Group stock. JFS Wealth Advisors LLC purchased a new position in shares of Air Industries Group Inc (NYSEAMERICAN:AIRI) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 27,324 shares of the aerospace company’s stock, valued at approximately $30,000. JFS Wealth Advisors LLC owned approximately 0.10% of Air Industries Group at the end of the most recent reporting period.

Air Industries Group Company Profile

Air Industries Group, an aerospace and defense company, designs and manufactures structural parts and assemblies that focus on flight safety. The company operates through three segments: Complex Machining, Aerostructures & Electronics, and Turbine Engine Components. It offers landing gear, arresting gear, engine mounts, flight controls, throttle quadrants, jet engines, and other components; sheet metal fabrication of aero structures; and tube bending and welding services.

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